A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has recently announced its investment in the projects that performed the best in Season 5 of its renowned Incubation Program. Out of more than 900 project applications received, only a select few, representing less than 2% of the
June 20, 2023 2 mins read
BNB Chain, the blockchain founded by the renowned exchange Binance, has taken a significant stride. It tackles the scalability challenge that has long plagued blockchain technology. In a recent launch, opBNB, a new layer-2 chain built on Optimism’s OP Stack, aims to transform scalability and affordability on the Binance Smart
June 20, 2023 2 mins read
Terraform Labs founder, Do Kwon, firmly denied allegations of forging travel documentation and distanced himself from any financial connections with Europe Now party leader, Milojko Spajić, during a Montenegro court hearing. Kwon attributed the alleged passport forgery to a Chinese-named agency. According to a report by South Korean news outlet
June 19, 2023 2 mins read
Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic
June 19, 2023 2 mins read
Tether, the leading issuer of the stablecoin USDT, has responded to allegations that it deactivated the accounts of major cryptocurrency firms, including MoonPay. The claims were based on documents released by the New York Attorney General (NYAG). It revealed that Tether had terminated approximately 29 accounts. That included BlockFi, CMS
June 17, 2023 2 mins read
Nike, the renowned footwear and apparel giant, recently announced an exciting collaboration that hints at a groundbreaking partnership with Epic Games, the creators of the wildly popular online game, Fortnite. In a short promotional video released on June 16, Nike showcased its Air Max logo alongside Fortnite‘s iconic logo. It
June 17, 2023 2 mins read
Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Netherlands following its unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license would have certified it’s compliance with anti-money laundering (AML) guidelines. Starting from July 17, 2023, Dutch residents will only be
June 16, 2023 1 min read
In a tumultuous second quarter of 2023, the cryptocurrency market was battered by a regulatory storm and plummeting prices. Yesterday, the overall market capitalization was down by 3.81%. Amidst this storm, meme-inspired cryptocurrencies have displayed remarkable resilience, outperforming major players like Bitcoin and Ethereum. Shiba Inu, Pepe, and Dogecoin have
June 16, 2023 3 mins read
In recent hours, Tether’s stablecoin (USDT) has faced increasing instability, shockingly losing its peg to the US dollar. At the time of writing, USDT is trading at 0.9958. It continues its downward trend from the $1 peg. This development has raised concerns within the cryptocurrency community, with heavy selling pressure
June 15, 2023 2 mins read
The ApeCoin decentralized autonomous organization (DAO) has sparked a debate regarding the six-figure annual salaries received by its Special Council members. ApeCoin is the native currency of the Bored Ape Yacht Club ecosystem and is governed by the ApeCoin DAO, consisting of ApeCoin holders. On June 10, the ApeCoin DAO
June 15, 2023 2 mins read